MXC Mexco Energy Corp.
Mexco Energy Corp. operates as an independent oil and gas company, which engages in the acquisition, exploration, development, and production of natural gas properties and crude oil. The firm focuses on the Midland Basin located in Eastern portion of the Permian Basin including Reagan, Upton, Midland, Martin, Howard, and Glasscock Counties; and Delaware Basin located in the Western portion of the Permian Basin including Lea and Eddy Counties, New Mexico, and Loving County. The company was founded in April 1972 and is headquartered in Midland, TX.
Company profile
Ticker
MXC
Exchange
CEO
Nicholas C. Taylor
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
840627918
MXC stock data
()
Calendar
14 Aug 19
19 Oct 19
31 Mar 20
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 699.59K | 579.04K | 644.32K | 714.51K | |
| Net income | -54.19K | -36.32K | -13.08K | 22.03K | |
| Diluted EPS | -0.03 | -0.02 | -0.01 | 0.01 | |
| Net profit margin | -7.75% | -6.27% | -2.03% | 3.08% | |
| Operating income | -47.85K | -33.26K | -8.13K | 28.41K | |
| Net change in cash | 22.11K | 22.71K | -243.32K | -86.23K | |
| Cash on hand | 150.36K | 128.25K | 105.55K | 348.86K |
| Annual (USD) | Mar 19 | Mar 18 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|
| Revenue | 2.69M | 2.71M | 2.53M | 2.42M | |
| Net income | -12.95K | -321.49K | -694.55K | -3.98M | |
| Diluted EPS | -0.01 | -0.16 | -0.34 | -1.95 | |
| Net profit margin | -0.48% | -11.88% | -27.50% | -164% | |
| Operating income | 8.35K | -232.24K | -542.65K | -4.47M | |
| Net change in cash | -364.36K | 419.16K | 39.44K | -62.07K | |
| Cash on hand | 128.25K | 492.61K | 73.45K | 34.01K |
Financial data from company earnings reports
Financial report summary
?Management Discussion
- We had a net loss of $12,946 for the year ended March 31, 2019 compared to a net loss of $321,489 for the year ended March 31, 2018. This is primarily the result of a decrease in operating expenses and interest expense as further explained below.
Content analysis
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8th grade Avg
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New words:
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Removed:
adjustment, allocated, allocating, altered, amendment, application, applied, ASC, BBA, beginning, Board, British, check, comparing, consideration, customer, Dakota, depreciated, discretion, earned, eleven, eleventh, estimating, exemption, grant, historical, identified, identify, identifying, Interbank, January, joint, leasehold, LIBOR, limitation, London, marginal, Montana, newly, North, Offered, Policy, practical, product, quantitative, recognizing, relocation, remaining, renewal, renewed, sale, satisfied, separate, step, technology, thirteen, timing, transaction, transferred, unable, unit, unsatisfied, variable, venture, XTO
Financial reports
10-Q
2020 Q1
Quarterly report
14 Aug 19
10-K
2019 FY
Annual report
24 Jun 19
10-Q
2019 Q3
Quarterly report
12 Feb 19
10-Q
2019 Q2
Quarterly report
9 Nov 18
10-Q
2019 Q1
Quarterly report
10 Aug 18
10-K
2018 FY
Annual report
27 Jun 18
10-Q
2018 Q3
Quarterly report
12 Feb 18
10-Q
2018 Q2
Quarterly report
14 Nov 17
10-Q
2018 Q1
Quarterly report
9 Aug 17
10-K
2017 FY
Annual report
28 Jun 17
Current reports
8-K
Submission of Matters to a Vote of Security Holders
16 Sep 19
8-K
Mexco Energy Corporation Reports Financial Results for First Quarter and Development of Properties
14 Aug 19
8-K
Mexco Energy Corporation Reports Financial Results for Fiscal 2019 and Plans for Development of Properties
24 Jun 19
8-K
Mexco Energy Corporation Reports Third Quarter and Oil and Gas Drilling Results
13 Feb 19
8-K
Entry into a Material Definitive Agreement
31 Dec 18
8-K
Mexco Energy Corporation Reports Results for Second Quarter and Property Development
9 Nov 18
8-K
Submission of Matters to a Vote of Security Holders
17 Sep 18
8-K
Mexco Energy Corporation Reports Financial Results for First Quarter and Further Development of Properties
10 Aug 18
8-K
Mexco Energy Corporation Reports Financial Results for Fiscal 2018 and Announces Further Development of Properties
2 Jul 18
8-K
Mexco Energy Corporation Announces Sale of Acreage and Further Developments
20 Dec 17
Registration and prospectus
S-8
Registration of securities for employees
2 Oct 19
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Jul 13
S-8
Registration of securities for employees
5 Mar 10
S-8
Registration of securities for employees
14 Feb 06
8-A12B
Registration of securities on exchange
5 Sep 03
Proxies
DEF 14A
Definitive proxy
16 Jul 19
DEF 14A
Definitive proxy
23 Jul 18
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Definitive proxy
24 Jul 17
DEF 14A
Definitive proxy
22 Jul 16
DEF 14A
Definitive proxy
23 Jul 15
DEF 14A
Definitive proxy
24 Jul 14
DEF 14A
Definitive proxy
25 Jul 13
DEF 14A
Definitive proxy
20 Jul 12
DEF 14A
Definitive proxy
27 Jul 11
DEFA14A
Additional proxy soliciting materials
23 Jul 10